Lichen China Limited announces the date of the entry into force of the reverse stock and the change in the name

Xiamen, ChinaPresent February 27, 2025 / Prnewswire/ – Lichen China Limited (Nasdaq: Licn) (“Lichen China” or the “company”), a committed financial and tax service provider in China, today the date of effectiveness and the relationship of an impending reverse shares quit (“reverse split”) of the company's regular shares (“regular shares”). On February 12, 2025, the company announced the voting results of the annual meeting of the shareholders (the “session”) in a current report on Form 6-K February 10, 2025. At the meeting, the shareholders voted on the proposal 2 and approved an opposite part with a ratio of at least one and twenty -two and no more than one for two hundred within a year after the date of adopting the decision, whereby the exact ratio is defined in this area, as in this area of the company.

To February 10, 2025The board approved a one-to-two hundred (1: 200) part division of the exhibited and not output ordinary shares in class A and class B. The company anticipates this with the opening of the trade March 3, 2025The company's ordinary shares will act on the NASDAQ capital market on a divided basis and have a new Cusip number of G5479G116.

The opposite division affects all exhibited and outstanding stocks of the regular shares. In addition, the opposite part reduces the number of ordinary shares issued after the exercise of stock options immediately out of the reverse. The nominal value of the regular shares increases $ 0.008 per share after the reverse division. The reverse split affects all shareholders uniformly and does not change the percentage interest of the shareholder in the company's equity. No fractional stocks are issued. Instead, shareholders who would otherwise be entitled to a fractional share round off their entitlement to the next whole share.

The company assumes $ 1.00 Minimum settlement requirement for bid price.

Registered shareholders who have the company's shares in front of the company's split shares do not have to take any measures to receive shares according to the splitactant. Shareholders who have stocks via a broker, a bank, a trust or another candidate have automatically set their positions in order to have divided the opposite shares and do not have to take any measures related to the reverse shares.

In addition, the company has officially changed its name from Lichen China Limited on Lichen International Limited, whereby the change is expected to be effective March 3, 2025. This change of name was properly approved by the company's shareholders February 10, 2025. In the future, the company will operate under its new name, and all existing agreements, rights and obligations will remain unchanged.

About lichen China Limited

Lichen China Limited focuses on providing financial and tax solving services, educational support services as well as software and maintenance services as part of its “Lichen” brand. In recognition of the specialist knowledge and experience of the company in the financial and tax solutions service industry, the company has built its reputation as a committed service service provider for financial and tax solutions for professional and high-quality services in China. For more information, see the company's website: https://ir.lichenzx.com/.

Predicted statements

Certain statements in this announcement are future -oriented statements. These future -oriented statements contain well -known and unknown risks and uncertainties and are based on current expectations and projections on future events and financial trends, of which the company is of the opinion that it can influence its financial conditions, the results of business, business strategy and financial needs. Investors can do these future -oriented statements according to words or phrases such as “May”, “Will”, “expect”, “expect” goal “,” estimate “,” intend “,” plan “,” faith “,” potential “,” continuation “or similar expression forms. Events or circumstances or changes to its expectations can be reflected in the view that the company is appropriate in these future -oriented expectations, and the company warns the company that the company will be able to check the expected results and investors, which can significantly check the future results of the company can influence the company's registration statements and in the other submissions of the US Securities and Exchange Commission and Exchange Commission and Exchange Commission and Exchange Commission in the US Securities and Exchiting Commission.

For more information, please contact:

Tiansonne
Telephone: +86-0592-5586999
E-mail: ir@lichenzx.com

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Lichen China Limited announces the date of the entry into force of the reverse stock and the change in the name

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